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10 Weekend Reads

Barry Ritholtz

New York Times ) • How creators became an economic juggernaut and the new American Dream : Millions have ditched traditional career paths to work as online creators and content-makers, using their computers and phones to amass followers and build businesses whose influence now rivals the biggest names in entertainment, news and politics.

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Apple Buys Spain's Vilynx For $50M To Use AI On Apps

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Apple has acquired Barcelona's Vilynx , which works in advanced artificial intelligence that could boost the iPhone's AI across various devices, Bloomberg reports. Apple acquired Vilynx earlier this year, according to people familiar with the issue, Bloomberg reports. Tags are created, which helps the video become searchable.

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Apple Pushes Toward Redesigned iPhone Release

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Apple’s annual release of new products is highly anticipated — but difficult to predict in terms of timing and the extent of the changes the company makes. According to a Bloomberg News report, Apple plans to offer redesigned top-tier iPhones that will upgrade the iPhone 11 Pro and iPhone 11 Pro Max.

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Is YouTube The Next Amazon? Google Hopes So

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Google is experimenting with new features to drive online shopping dollars to YouTube and is encouraging some creators there to tag and track any products used in their videos. Features are being trialed with some creators, and the move is an “experiment,” a YouTube spokesperson told Bloomberg on Friday (Oct.

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Alibaba In New Brick-And-Mortar Push With $2.6B Intime Deal

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Alibaba is at the forefront of a bid that would take Intime Retail Group private, with a price tag of as much as $2.6 billion price tag would offer up a 42 percent premium for Intime, as paid by Alibaba and Intime Founder Shen Guojun, at HK$10 a share — and Alibaba already owns three-quarters of the company’s stock.

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Steep Slowdown For Chinese Cross-Border Corporate Acquisitions

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Bloomberg News reported Wednesday that dealmakers on China’s mainland are “struggling to cope with tighter capital controls” and a more cautious deal-making landscape. These “break fees” can be as high as 10 percent of a deal’s headline price tag, up from 2 percent seen in past years.

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iPhones To Enter Mass Production In India

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Bloomberg reported. The news comes as Apple has reportedly cut its iPhone prices in China: Earlier this month, it was reported the tech company has taken the step to slash prices by close to 6 percent in the country, amid lackluster demand. Demand has been declining in China for Apple products partly due to the large price tag.